Co Op 100 WELCOME to the CO OP 100 in Releasing the Annual NCB Co-Op 100®, National Cooperative Bank Proudly Highlights America’S Top 100 Cooperatives
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A BETTER WORLD The 2016 NCB ® Co op 100 WELCOME TO THE CO OP 100 In releasing the annual NCB Co-op 100®, National Cooperative Bank proudly highlights America’s top 100 cooperatives. These member- owned, member-controlled businesses generated revenues of Equal Exchange Co-op $223.8 billion in 2015. Like investor owned firms (IOFs), cooperatives While cooperatives may offer the same kinds of consumers in mind while conducting business. employ millions of people, pay taxes and give back goods or services as publicly traded firms, they use Those surveyed also believed that co-ops are to their communities. They are organized under distinctly different business models. Cooperatives committed to and involved in their communities; bylaws and articles of incorporation. They provide are owned and controlled by the very people who are committed to providing the highest quality valuable products and services, trade in the global use and benefit from their goods and services: the service to their customers; and can be counted on market and deal with competition. members. Having a vested interest in the co-op to meet their customers’ needs. fosters a natural closeness and accountability And like, IOFs, cooperatives feel the pressure of a between owner/members and management. Cooperatives remain a trusted, viable and deflated stock market and commodity pricing. As a successful business model. They build jobs and result, co-op revenues for 2015 dropped 8.6% from Cooperatives also differ from IOFs in how they are community. Cooperatives Build A Better World. the previous year mainly in the agricultural sector. perceived by the public. A survey conducted in 2015 That’s not only something to be proud of - it’s just Still, with more than $223 billion in revenues, it’s safe by ORC International revealed that Americans good business. to say that cooperative businesses remain powerful believed that compared to investor-owned economic contributors. corporations, cooperatives run their business in a Charles E. Snyder President and CEO trustworthy manner and have the best interests of National Cooperative Bank COOPERATIVES BUILD TRUST A consumer is 78% more likely to choose # Cooperative a co-op over another business after 7 Principles understanding what a co-op is. 1 out of 3 7 Americans is a member of a co-op. Vision: Health as it could be, affordability as it must be, through relationships built on trust. Co-ops worldwide operate using these principles COOPERATIVES HealthPartners, Inc. is the largest consumer governed nonprofit health care organization in the US, and cares Voluntary and open BUILD JOBS for over 1.2 million patients each year, maintaining strong 1 membership relationships with patients built on trust. Co-ops provide 2.1 Million Jobs in the U.S. Fun Fact: HealthPartners primary care clinics participate Democratic member Co-ops create annual wages of $75 billion in Reach Out and Read, a national program that builds on control the relationship between parents and 2 Co-op farmers provide more than 190,000 their pediatrician to foster child brain jobs and annual wages of $8 billion Members’ economic development by encouraging parents 3 participation Electric Co-ops employ more than 75,000 to read to their children. Americans and account for more than 1/3rd of the U.S. electric utility usage Autonomy and WANT TO SEE 4 independence COOPERATIVES YOUR CO-OP # ACE Hardware (#8) provides ON THE LIST? Education, training 8 more than 85,900 jobs BUILD If you don’t see your 5 and information worldwide. But did you also co-op on the NCB know that no two Ace stores COMMUNITY Co-op 100 list and you are exactly the same, and an average store carries think it should be, call Cooperation among 30,000 unique products. Something for everyone! Spending $10 per month locally us. More than likely, cooperatives we just didn’t have 6 would return $9.5 million to your information local communities needed to rank your co-op. It would be Concern for community # For every $100 you spend locally, great to see you join 7 63 $68 stays in your community the list next year! Cabot Creamery Cooperative (#63) is deeply committed to Local businesses account for building and fostering over 65% of all new jobs communities through its Girl Smaller Co-ops Make a Difference Too! Scout Patch and Reward Volunteers Programs. From February 2012 through March 2016, nearly Did you also know that Cabot Creamery churns WHAT YOU SEE ON THE NCB CO-OP 100® are only the top 100 cooperatives 3,500 volunteers logged over 270,000 hours out 46 million pounds of butter each year. That’s in America. Thousands more don’t make this list because of their smaller size. to benefit more than 4,000 organizations. 175,000 pounds of butter a Cooperatives large and small provide important and valuable services to day. That’s a lot of butter! their members in communities and neighborhoods all across the country. Ranked by Revenue The 2016 NCB in Millions of Dollars Co op 100® List Each year, the NCB Co-op 100® announces the top 100 cooperatives in America; highlighting the business activity and economic power of these member-owned, member-controlled businesses. The only annual report of its kind, the NCB Co-op 100® is an important indicator of cooperative business activity across the country. RANK REVENUE ASSETS ‘15 ‘14 COOPERATIVE NAME 2015 2014 2015 2014 IND. PRESIDENT/CEO CITY/STATE 1 1 CHS Inc. 34,582 42,664 15,228 15,296 AG Carl Casale Saint Paul, MN 2 4 Wakefern Food Corp./ShopRite 15,574 11,871 1,665 1,611 GR Joseph Colalillo Keasbey, NJ 3 2 Dairy Farmers of America 13,800 17,918 3,400 3,404 AG Rick Smith Kansas City, MO 4 3 Land O'Lakes, Inc. 13,008 14,966 8,003 6,992 AG Christopher J. Policinski Saint Paul, MN 5 6 Associated Wholesale Grocers, Inc 8,936 8,934 1,475 1,363 GR David Smith Kansas City, KS 6 5 GROWMARK, Inc. 8,727 10,372 2,313 2,459 AG Jim Spradin Bloomington, IL 7 7 HealthPartners Inc. 5,742 5,505 4,344 4,264 HC Mary Brainerd Bloomington, MN 8 9 ACE Hardware Corp. 5,045 4,701 1,657 1,657 H&L John Venhuizen Oak Brook, IL 9 11 Navy Federal Credit Union 4,705 4,172 73,344 63,646 FIN Culter Dawson Vienna, VA 10 8 Ag Processing Inc. 4,348 5,081 1,433 1,376 AG Keith Spackler Omaha, NE 11 12 Unified Grocers, Inc 4,028 3,754 964 928 GR Robert M.Ling Commerce, CA 12 13 Group Health Cooperative 3,658 3,684 2,019 2,003 HC Scott Armstrong Seattle, WA 13 10 California Dairies, Inc. 3,183 4,640 918 1,112 AG Andrei Mikhalevsky Visalia, CA 14 14 Do-it-Best Corp. 2,998 2,873 601 765 H&L Dan Starr Fort Wayne, IN 15 17 Darigold 2,554 2,593 601 647 AG William W. Krippaehne Seattle, WA 16 19 Recreational Equipment Inc. 2,423 2,217 1,545 1,433 REC Jerry Stritzke Sumner, WA 17 20 CoBank 2,380 2,169 117,000 107,428 FIN Robert B. Engel Greenwood Village, CO 18 16 United Suppliers, Inc. 2,371 2,668 950 1,098 AG Brad Oelmann Eldora, IA 19 18 Basin Electric Power Cooperative 2,133 2,289 7,132 6,432 E&C Paul Sukut Bismarck, ND 20 23 True Value Corporation 2,033 2,015 911 864 H&L John Hartmann Chicago, IL 21 26 Associated Food Stores 2,009 1,945 577 593 GR S. Neal Berube Salt Lake City, UT 22 25 Central Grocers Cooperative 1,944 1,966 499 527 GR Ken Nemeth Franklin Park, IL 23 22 Southern States Cooperative 1,892 2,107 457 525 AG Thomas R. Scribner Richmond, VA 24 27 Prairie Farms Dairy Inc. 1,731 1,879 731 738 AG Edward L. Mullins Carlinville, IL 25 28 Ocean Spray 1,719 1,655 1,710 1,712 AG Randy C. Papadellis Middleboro, MA 26 21 Associated Milk Producers, Inc 1,660 2,158 285 312 AG D. Develder/S. Meshke New Ulm, MN 27 35 Blue Diamond Growers 1,649 1,493 515 478 AG Mark D.Jansen Sacramento, CA 28 32 UNIPRO Food Service, Inc. 1,633 1,532 84 85 FD Bob Stuart Atlanta, GA 29 52 Select Milk Producers, Inc. 1,547 1,058 267 123 AG Dr. Michael J. McCloskey Artesia, NM 30 36 Affiliated Foods Midwest Co-op Inc. 1,541 1,491 296 281 GR Martin W. Arter Norfolk, NE 31 24 Foremost Farms USA Cooperative 1,502 1,982 362 430 AG Mike Doyle Baraboo, WI 32 31 Agribank, FCB 1,500 1,524 99,507 94,392 FIN L. William York Saint Paul, MN 33 17 Producers Livestock Mktg. Assn. 1,499 1,566 228 276 AG Rick Keith Omaha, NE 34 34 MFA Incorporated 1,434 1,511 441 439 AG Ernie Verslues Columbia, MO 35 39 Oglethorpe Power Corporation 1,350 1,408 10,060 9,546 E&C Michael L. Smith Tucker, GA 36 40 Tri-State G&T Association 1,335 1,395 4,823 4,676 E&C Mike McInnes Denver, CO 37 30 South Dakota Wheat Growers Assn. 1,308 1,526 658 658 AG Dale Locken Aberdeen, SD 38 53 Independent Pharmacy Cooperative, Inc. 1,274 1,052 238 178 RX Don Anderson Sun Prairie, WI 39 41 American Crystal Sugar Co.